Quantessence Capital LLC Invests $658,000 in EOG Resources, Inc. (NYSE:EOG)

Quantessence Capital LLC bought a new position in EOG Resources, Inc. (NYSE:EOG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,367 shares of the energy exploration company's stock, valued at approximately $658,000.

Several other large investors have also added to or reduced their stakes in the business. Westside Investment Management Inc. boosted its position in shares of EOG Resources by 15.7% during the third quarter. Westside Investment Management Inc. now owns 1,840 shares of the energy exploration company's stock valued at $226,000 after buying an additional 250 shares during the last quarter. Chelsea Counsel Co. lifted its stake in EOG Resources by 2.0% during the 3rd quarter. Chelsea Counsel Co. now owns 5,215 shares of the energy exploration company's stock valued at $641,000 after acquiring an additional 100 shares in the last quarter. World Investment Advisors LLC purchased a new position in EOG Resources during the 3rd quarter worth $730,000. Wilmington Savings Fund Society FSB grew its stake in shares of EOG Resources by 26.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 71,766 shares of the energy exploration company's stock worth $8,822,000 after acquiring an additional 15,186 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in shares of EOG Resources by 4.7% in the 3rd quarter. Tidal Investments LLC now owns 58,790 shares of the energy exploration company's stock worth $7,227,000 after acquiring an additional 2,634 shares in the last quarter. Institutional investors own 89.91% of the company's stock.

Insider Buying and Selling at EOG Resources

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,037 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $127.76, for a total value of $515,767.12. Following the completion of the transaction, the chief operating officer now owns 47,732 shares of the company's stock, valued at approximately $6,098,240.32. The trade was a 7.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on EOG shares. Piper Sandler cut their price target on shares of EOG Resources from $135.00 to $133.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley reduced their target price on EOG Resources from $142.00 to $136.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Wolfe Research upgraded EOG Resources from a "peer perform" rating to an "outperform" rating and set a $143.00 price target on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on EOG Resources from $149.00 to $132.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Finally, Mizuho reiterated a "neutral" rating and set a $140.00 target price (down from $148.00) on shares of EOG Resources in a research note on Tuesday, March 25th. Twelve analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, EOG Resources presently has a consensus rating of "Hold" and a consensus price target of $141.25.

EOG Resources Price Performance

Shares of EOG Resources stock traded down $0.39 on Friday, hitting $113.07. 2,093,424 shares of the company traded hands, compared to its average volume of 3,238,478. The company has a current ratio of 2.31, a quick ratio of 2.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $62.36 billion, a P/E ratio of 9.10, a P/E/G ratio of 3.58 and a beta of 0.93. The firm's 50-day simple moving average is $120.51 and its 200 day simple moving average is $125.74. EOG Resources, Inc. has a 12-month low of $102.52 and a 12-month high of $138.18.

EOG Resources (NYSE:EOG - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 EPS for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. The company had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.96 billion. Analysts expect that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Wednesday, April 16th. This represents a $3.90 annualized dividend and a dividend yield of 3.45%. EOG Resources's payout ratio is presently 34.73%.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.